Brief: Tuanche Announces Receipt Of Preliminary Non-Binding "Going Private" Proposal

Token Cat

21/01/2021 12:33

Jan 21 (Reuters) - TuanChe Ltd  TC.O :
    * TUANCHE ANNOUNCES RECEIPT OF PRELIMINARY NON-BINDING
"GOING
PRIVATE" PROPOSAL
    * TUANCHE LTD - OFFER RECEIVED FOR A PURCHASE PRICE OF
US$4.25 PER
ADS IN CASH
    * TUANCHE LTD - RECEIVED A PRELIMINARY NON-BINDING PROPOSAL
LETTER
DATED JANUARY 21, 2021 FROM CHAIRMAN AND CEO, WEI WEN
    * TUANCHE LTD - WEI WEN PROPOSES TO ACQUIRE ALL SHARES OF CO
THAT
ARE NOT ALREADY OWNED BY WEN
    * TUANCHE LTD - PROPOSED TRANSACTION INTENDED TO BE FINANCED
THROUGH DEBT AND/OR EQUITY CAPITAL
    * TUANCHE LTD - BOARD INTENDS TO FORM A SPECIAL COMMITTEE
CONSISTING OF INDEPENDENT AND DISINTERESTED DIRECTORS TO
CONSIDER PROPOSAL
    * TUANCHE LTD - BOARD EXPECTS THAT SPECIAL COMMITTEE WILL
RETAIN
INDEPENDENT ADVISORS

Source text for Eikon:  ID:nPn2HJtjpa 
Further company coverage:  TC.O 

 ((Reuters.Briefs@thomsonreuters.com;))